Johnson Controls (JCI) Tops Q1 EPS by 2c, Revenues Beat

Johnson Controls (NYSE: JCI) reported Q1 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $5.58 billion versus the consensus estimate of $5.57 billion.

"Our first quarter results reflect a strong start to fiscal 2020, marking the fifth consecutive quarter of organic double-digit adjusted EBIT growth as a pure-play buildings technology company. Our performance in the quarter reflects a continued commitment to solid execution and to improving the underlying fundamentals of our business, which is shared throughout the organization," said George Oliver, chairman and CEO. "We deliver the safest, most secure and sustainable solutions for our customers given our robust portfolio of products and services. This, along with our strong balance sheet, positions us well to continue to deliver long-term shareholder value," Oliver added.

For earnings history and earnings-related data on Johnson Controls (JCI) click here.

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